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    191 Providence St Putnam, CT 06260

    Sponsored
    For Sale
    $399,900

    Mixed-use building, high visibility, great income potential.

    Property size:
    3,168 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional mixed-use property at 191 Providence Street in Putnam, CT, presents a unique investment opportunity. Boasting 3,168 square feet on a 0.15-acre lot, this building offers a versatile blend of commercial and residential space. The first floor commercial area features brand new vinyl plank flooring, two restrooms (one handicap accessible), and large storefront windows ensuring high visibility from the street. Its convenient location is adjacent to ample public parking and close to numerous other businesses and amenities, guaranteeing high foot traffic and accessibility. Upstairs, a beautifully remodeled residential unit awaits. This spacious residence includes two bedrooms, a primary bedroom with a large walk-in closet, a sizable dining area, a comfortable living room with a balcony overlooking Providence Street, and a large rear deck. The kitchen has been recently remodeled, and the hardwood floors have been refinished, creating a modern and inviting living space. The entire building benefits from the recent conversion to efficient natural gas heating, completed in 2023. This property is ideal for owner-occupants seeking to live above their business, generating additional income through commercial and/or residential rental. The combination of a thriving commercial space and a comfortable residential unit provides significant income potential and a rare opportunity in the Putnam market. The asking price is $399,900.

    Property Features for 191 Providence St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,168 SF
    Lot Size
    6,534 SF

    Building Details

    Year Built
    1899
    Property Profile Location Intelligence

    Current Use by Public Records

    Live On Calm-bucha Beverage Distributor Karen Leaf Photography Portrait Studio

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Putnam
    County
    Windham
    State
    Connecticut
    Longitude
    -71.9099
    Latitude
    41.92401

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    FAQs

    What type of property is this?
    Commercial real estate - Mixed-use building, high visibility, great income potential.
    Where is this commercial real estate located?
    The property is located at 191 Providence St Putnam, CT.
    What is the asking price?
    The asking price for this property is $399,900.
    (860) 928-1995
    Request Owner's contact information
    191 Providence St Putnam, CT 06260
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    Putnam, CT 06260
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    191 Providence St Putnam, CT 06260
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